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If you owned it for days or less, you would pay short-term gains taxes, which are equal to income taxes. If you owned it for longer, you would pay long-term. Gains you make from selling assets you've held for a year or less are called short-term capital gains, and they generally are taxed at the same. Long-term gains are taxed at a reduced capital gains rate. These rates (0%, 15%, or 20% at the federal level) vary based on your income. � Short-term gains are.